Civic Intelligence

Des Moines Area Community College Foundation

990 • Fiscal year 2014 • EIN 23-7229486

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 10, 2014

2006 S Ankeny Blvd50023

(515) 964-6483

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

8th percentile

0.01x

Higher debt load relative to revenue than 8% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

87th percentile

38%

Higher net margin than 87% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

25th percentile

$108,161

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$11,079,196

No earlier filing loaded for comparison.

Net Assets

$11,060,366

No earlier filing loaded for comparison.

Liabilities

$18,830

No earlier filing loaded for comparison.

Revenue

$1,927,261

No earlier filing loaded for comparison.

Expenses

$1,202,010

No earlier filing loaded for comparison.

Net Income

$725,251

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2014: $11,079,196Liabilities 2014: $18,830Net Assets 2014: $11,060,3662014Assets 2016: $14,528,699Liabilities 2016: $104,695Net Assets 2016: $14,424,0042016Assets 2017: $16,874,625Liabilities 2017: $76,032Net Assets 2017: $16,798,5932017Assets 2018: $19,089,982Liabilities 2018: $40,000Net Assets 2018: $19,049,9822018Assets 2019: $21,324,254Liabilities 2019: $3,925,361Net Assets 2019: $17,398,8932019Assets 2020: $23,940,934Liabilities 2020: $4,495,995Net Assets 2020: $19,444,9392020Assets 2021: $25,871,910Liabilities 2021: $1,713,179Net Assets 2021: $24,158,7312021Assets 2022: $21,577,534Liabilities 2022: $436,360Net Assets 2022: $21,141,1742022Assets 2023: $23,985,027Liabilities 2023: $1,133,938Net Assets 2023: $22,851,0892023Assets 2024: $27,132,996Liabilities 2024: $1,428,403Net Assets 2024: $25,704,5932024Assets 2025: $29,120,657Liabilities 2025: $1,267,082Net Assets 2025: $27,853,5752025

Highlighted filing

2014

Assets$11,079,196
Liabilities$18,830
Net Assets$11,060,366

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2014: $1,927,261Expenses 2014: $1,202,010Net Income 2014: $725,2512014Revenue 2016: $5,452,877Expenses 2016: $1,665,973Net Income 2016: $3,786,9042016Revenue 2017: $3,275,461Expenses 2017: $1,933,762Net Income 2017: $1,341,6992017Revenue 2018: $3,946,830Expenses 2018: $1,742,764Net Income 2018: $2,204,0662018Revenue 2019: $4,540,766Expenses 2019: $6,211,941Net Income 2019: -$1,671,1752019Revenue 2020: $5,786,802Expenses 2020: $3,404,603Net Income 2020: $2,382,1992020Revenue 2021: $3,727,961Expenses 2021: $2,777,585Net Income 2021: $950,3762021Revenue 2022: $4,357,178Expenses 2022: $2,295,698Net Income 2022: $2,061,4802022Revenue 2023: $4,758,849Expenses 2023: $4,155,776Net Income 2023: $603,0732023Revenue 2024: $5,455,166Expenses 2024: $4,335,607Net Income 2024: $1,119,5592024Revenue 2025: $9,357,187Expenses 2025: $4,763,278Net Income 2025: $4,593,9092025

Highlighted filing

2014

Revenue$1,927,261
Expenses$1,202,010
Net Income$725,251
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 10, 2014
Return Version
2013v3.0
Gross Receipts
$2,108,203
Mission and Program Overview

Mission

Receive donations for dmacc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,490,820$9,217,503▲ $1,726,683
Cash and Non-Interest-Bearing Accounts$1,346,407$1,320,151▼ $26,256
Land, Buildings, and Equipment, Net$321,405$306,906▼ $14,499
Pledges and Grants Receivable$259,000--
Investments Other Securities$7,451$220,765▲ $213,314
Prepaid Expenses and Deferred Charges$15,000$5,610▼ $9,390
Total Assets$9,453,666$11,079,196▲ $1,625,530
Other Assets Total$13,583$8,261▼ $5,322
Liabilities
Other Liabilities$219,500$18,830▼ $200,670
Total Liabilities$219,500$18,830▼ $200,670
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,976,937$5,696,068▲ $1,719,131
Permanently Rstr Net Assets$3,953,206$4,011,500▲ $58,294
Unrestricted Net Assets$1,304,023$1,352,798▲ $48,775
Total Net Assets Fund Balance$9,234,166$11,060,366▲ $1,826,200
Total Liabilities and Net Assets / Fund Balance$9,453,666$11,079,196▲ $1,625,530

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$306,906$273,074$579,980

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$5,181,918$58,294▲ $1,066,361-$6,167,768
2012$4,395,382$137,217▲ $770,261-$5,181,918
2011$4,328,628$175,178▲ $50,446-$4,395,382
2010$3,289,961$545,684▲ $611,726-$4,328,628
2009$3,161,449$67,722▲ $128,350-$3,289,961
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Tara ConnollyExecutive DirectorFT$108,161$108,161

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,575,795
Program Service Revenue
$0
Investment Income
$351,466
Other Revenue
$0
All Other Contributions
$1,575,795
Change in Net Assets
$725,251

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,927,261
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,100,949
Total Revenue per Audited Statements
$3,028,210
Total Revenue per Form 990
$1,927,261
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,047,071
Other Expenses$154,939
Total Fundraising Expense$75,586
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,047,071--$1,047,071
Fees for Services Other--$75,586$75,586
Fees for Services Accounting-$8,950-$8,950
Other Expenses$14,499$3,595-$3,595
Total Functional Expenses$1,061,570$64,854$75,586$1,202,010

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,202,010
Total Expenses per Audited Statements$1,202,010
Total Expenses per Form 990$1,202,010
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
42-0926354-501(c)(3)To Provide Grants, Scholarships, and Other Assistance to Des Moines Area Community College.$1,047,071
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Dmacc$16,235
Other$2,595
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The foundation board will review and approve the form 990 before it is filed.

Form 990, Part VI, Section C, Line 19

The foundation will make the forms available to the public upon request.

Filing and Contact Details

Filer

EIN
23-7229486
Phone
5159646483

Signing Officer

Name
Mike Grandgeorge
Title
Treasurer
Phone
5159646483
Signed
2014-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Grandgeorge
Formed
1972
Legal Domicile
Ia
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
0

Preparer

Preparer
David Ellis
Phone
5152258400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Processes for the audit committee including oversight of the audit and selection of its independent accountant have not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The foundation is exempt from income taxes under section 501(c)(3) of the internal revenue code. The foundation follows the accounting for uncertainty in income tax requirements as required by the income taxes topic of fasb accounting standards codification. The foundation has evaluated its material tax positions and determined no income tax effects with respect to the financial statements. The foundation is no longer subject to u.s. Federal or state income tax examinations by tax authorities for the years before 2010. The foundation has not been notified of any impending examinations by authorities, and no examinations are in process.

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IRS990/MissionDesc0RECEIVE DONATIONS FOR DMACC.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09234166
IRS990/NetAssetsOrFundBalancesEOYAmt011060366
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt099873
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt099873
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01100949
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt013583
IRS990/OtherAssetsTotalGrp/EOYAmt08261
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc1REAL ESTATE EXPENSES ON
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt052309
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13595
IRS990/OtherExpensesGrp/ProgramServicesAmt014499
IRS990/OtherExpensesGrp/TotalAmt052309
IRS990/OtherExpensesGrp/TotalAmt114499
IRS990/OtherExpensesGrp/TotalAmt23595
IRS990/OtherLiabilitiesGrp/BOYAmt0219500
IRS990/OtherLiabilitiesGrp/EOYAmt018830
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03953206
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt04011500
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0259000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05610
IRS990/PrincipalOfficerNm0MIKE GRANDGEORGE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE GRANTS AND OTHER ASSISTANCE TO DES MOINES AREA COMMUNITY COLLEGE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0307077
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0307077
IRS990/ProgSrvcAccomActy3Grp/Desc0RENTAL REAL ESTATE EXPENSES ON PROPERTY LEASED TO AFFILIATE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt014499
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0941692
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0916982
IRS990/PYInvestmentIncomeAmt0205694
IRS990/PYOtherExpensesAmt096195
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0134209
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01013177
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01147386
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0725251
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0420926354
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd00
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc0501(C)(3)
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01047071
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10DES MOINES AREA COMMUNITY COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01047071
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0306906
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0273074
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0579980
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt05181918
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt058294
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06167768
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0138805
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01066361
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04395382
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0137217
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt05181918
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0120942
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0770261
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04328628
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0175178
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04395382
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0158870
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt050446
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03289961
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0545684
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04328628
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0118743
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0611726
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03161449
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt067722
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03289961
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt067560
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0128350
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01202010
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01100949
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016235
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12595
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO DMACC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.65040
IRS990ScheduleD/RevenueNotReportedAmt01100949
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01927261
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION FOLLOWS THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX REQUIREMENTS AS REQUIRED BY THE INCOME TAXES TOPIC OF FASB ACCOUNTING STANDARDS CODIFICATION. THE FOUNDATION HAS EVALUATED ITS MATERIAL TAX POSITIONS AND DETERMINED NO INCOME TAX EFFECTS WITH RESPECT TO THE FINANCIAL STATEMENTS. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE 2010. THE FOUNDATION HAS NOT BEEN NOTIFIED OF ANY IMPENDING EXAMINATIONS BY AUTHORITIES, AND NO EXAMINATIONS ARE IN PROCESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.34960
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0306906
IRS990ScheduleD/TotalExpensesPerForm990Amt01202010
IRS990ScheduleD/TotalLiabilityAmt018830
IRS990ScheduleD/TotalRevenuePerForm990Amt01927261
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03028210
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01202010
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt01047071
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE GRANTS, SCHOLARSHIPS, AND OTHER ASSISTANCE TO DES MOINES AREA COMMUNITY COLLEGE.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10DMACC
IRS990ScheduleI/RecipientTable/RecipientEIN0420926354
IRS990ScheduleI/RecipientTable/USAddress/AddressLine102006 S ANKENY BLVD BUILDING 1
IRS990ScheduleI/RecipientTable/USAddress/City0ANKENY
IRS990ScheduleI/RecipientTable/USAddress/State0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode0500238995

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